Reuters Asia Business

By Clare Jim HONG KONG (Reuters) -Chinese property developer Kaisa Group aims to finalise an offshore debt restructuring proposal in the fourth quarter after China’s party congress in October, two people with direct knowledge of the matter told Reuters. Kaisa is working to restructure its offshore debt after missing some debt obligations last year. With …

China’s Kaisa aims to present offshore debt revamp plan in Q4 -sources Read More »

LONDON (Reuters) – Deutsche Bank has opened a representative office in Bangladesh, the 15th market in which the bank operates in the Asia Pacific region, it said on Monday. It has hired Syed Naushad Zaman, former deputy head of Commerzbank’s representative office in Bangladesh, to lead the new business, the bank added. (Reporting by Scott …

Deutsche Bank opens Bangladesh representative office Read More »

By Tetsushi Kajimoto TOKYO (Reuters) -Japan’s government ministries have made budget requests totalling $784 billion for the next fiscal year – their second-largest total to date, driven largely by the defense ministry’s request for a rise in spending to record levels. The combined total spending requests made for next year’s budget came to 110.05 trillion …

Japan’s record military spending request set to boost budget Read More »

BEIJING (Reuters) -China will step up policy support for the economy, the country’s major economic policymakers said on Monday, stressing that the third quarter is crucial for rolling out policy measures as evidence points to a further loss of economic momentum. The comments suggested urgency among policymakers to stave off an economic downturn made worse …

China vows more policy support for COVID-ravaged economy Read More »

BEIJING (Reuters) – Woes in China’s residential property market are expected to deepen this year as homebuyers remain cautious, with economists now expecting home prices to fall in 2022 and betting on a faster drop in property sales than previously forecast. New home prices are expected to fall 1.4% in 2022, according to a Reuters …

China’s 2022 property sector outlook worsens, home prices seen falling Read More »

BEIJING (Reuters) – China has relatively ample room for monetary policy, the deputy governor of the country’s central bank said on Monday in remarks about follow-up policy measures to prop up the shaky recovery of the world’s second-biggest economy. The central bank will also guide policy banks and commercial banks to support infrastructure investment projects, …

China has ample room for monetary policy: central bank deputy governor Read More »